OCTG prices slide in oversupplied market

Aug 29, 2013 | 03:13 PM | Thorsten Schier

Tags  Pipe Logix, OCTG, oil country tubular goods, tubing prices, seamless tubing, welded tubing, Pipe Logix, Kurt Minnich Thorsten Schier

NEW YORK — Distributor selling prices for oil country tubular goods (OCTG) fell again in August to the lowest level since February 2010.

While distributors are expecting a decrease in imports and inventories going forward, oversupply remains a concern, said Kurt Minnich, manager of Tulsa, Okla.-based Pipe Logix Inc.....

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